Arsenal believe they will take a £5.5 million hit on South Korean international Park Chu-Young. The forward, who is currently on loan at Celta Vigo has made barely any impact since his arrival from Monaco and Arsenal have written off his wages in the current balance as they prepare to offload him, potentially for nothing, from The Emirates.

Arsenal vow they will not break the bank to hold on to contract rebel Theo Walcott. The England international has already turned down an offer of £75,000-a-week to remain at The Emirates. Arsenal chairman Peter Hill-Wood insists that they will not break their current wage structure in order to keep hold of the 23-year-old.

The interest in Bacary Sagna from Italian side Internazionale has once again come to light in Italian reports. The Frenchman, who is near to a return from injury, had questioned the transfer policy of the club earlier in the year but that now seems to be water under the bridge as Wenger expects him to sign an extension to his current deal which ends in 2014. This hasn’t stopped the Nerazzurri from reportedly contacting the player’s agent about a potential move.

Mathew Nash

I’m Mathew Nash a 24 year old graduate in Sports Studies and I have an insatiable love for sport. With a particularly keen interest for the madcap world of football I have always been known amongst friends as a beacon for bizarre sporting trivia and knowledge. My other passion is for writing and hopefully combining the two will create a superb and entertaining marriage that will create, divide and share opinion.